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China’s EV leaders slash earnings as domestic sales plunge, cutthroat market speeds tech race

Technology May 29, 2026 05:00 AM
China’s EV leaders slash earnings as domestic sales plunge, cutthroat market speeds tech race

China’s EV leaders slash earnings as domestic sales plunge, cutthroat market speeds tech race

China's EV giants face a domestic crisis as sales drop 38 percent. BYD and Geely respond with ultrafast-charging batteries and robotaxis while doubling overseas exports to escape the home-market slump.